RE: Dividend That is not what I read, and furthermore, people have to understand that there are steps that need be done before the dividend will be issued.
From my understanding of the TSX listing rules, the listing of Deep South requires the following steps to be accomplish before the dividend can be issued:
1) The acquisitions of a property of merit, (or a qualifying property). While the haib 30% interest is a great asset, the tsx requires that Deep South has an interest greater then 50% in an exploration concession with potential in order to allow the listing of its shares;
2) Deep South needs to submit a technical report (NI 43-101) on the property of Merit to support the listing;
3) Submit a technical report (NI 43-101) on the haib property; and
4) Submit an independent valuation report on the Haib property to support the value to be given to AFA shareholders..
5) Once all these documents are completed, a listing document need to be filed with the exchange;
6) Once the technical report have been approved by the Exchange; then and only then does the listing become a formality;
The dividend will be issued and the process is well advance, more advance that the market give it credit....
From the press release of this week, the property of merit issue has been resolved with the support of Teck, and the technical report about the property of merit is presently being reviewed by Teck,
From what I understand from my contact at AFA, the two other technical reports are also finished, and just await Teck review, once this will be done, then the Corporation should be able to give us an accurate time line for the dividend...
What ever happens, I am optimist that it will be done during the second quarter of this year...
Just imagine, the Haib dividend and the marine operation restarting in the second quarter, were will afa go...
(we know what the troll will say LOL), but for us long....